The Swiss shipping group Mediterranean Shipping Company (MSC) is taking another step towards further expansion of logistics activities to support its core business of containerized maritime transport having signed through its subsidiary SAS Shipping Agencies Services, an agreement to conduct exclusive negotiations for buy 42% of the capital of the French company of shipping and logistics Clasquin, a stake held by Yves Revol and Olymp. The agreement follows the receipt by these shareholders of a non-binding offer from SAS.

The parties have announced that the sale price of the stake will be determined on the basis of an enterprise value of 325 million euros and after taking into account adjustments that will be agreed upon by the parties.

Upon completion of the acquisition of the stake held by Yves Revol and Olymp, SAS will make a public offer for acquire the remaining shares in Clasquin, which is listed on the Euronext Growth stock exchange.

In 2022, Clasquin recorded revenues of €877.1 million euro, with an increase of +16.6% over the previous year previous. Current operating profit amounted to 33.4 million (+21.3%) and net profit at 23.7 million euro (+25.4%). In the first half of 2023, a period in which the French company the impact of the deterioration of the markets in which it operates, including including mainly those of sea and air consignments, revenues amounted to €284.3 million, with a down -38.6% on the first half of last year. Operating profit from continuing operations was €11.0 million (-43.2%) and net profit of €6.6 million (-49.1%).